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Food and Agriculture Tech Series A Founded 2019

Growthwell

Growthwell Foods is a plant-based nutrition company developing alternative protein products tailored for Asian palates, leveraging 30 years of experience from plant-based pioneers in Asia and Europe. The company operates Singapore's first fully automated large-scale production line for plant-based products at its Innovation and R&D Manufacturing Centre in JTC Food Hub @ Senoko, aiming to become Asia's leading…

📍 Singapore, Singapore · Food Tech

Funding snapshot

Last roundSeries A
Amount$22M
Date16 September 2021
Total raised$30M
Team size19

About

Growthwell Foods is a plant-based nutrition company developing alternative protein products tailored for Asian palates, leveraging 30 years of experience from plant-based pioneers in Asia and Europe. The company operates Singapore's first fully automated large-scale production line for plant-based products at its Innovation and R&D Manufacturing Centre in JTC Food Hub @ Senoko, aiming to become Asia's leading plant-nutrition food tech company and nourish a billion lives through sustainable and nutritious plant-based food options. Growthwell's brand portfolio includes HAPPIEE! (plant-based meat and seafood alternatives for retail and foodservice), EPIC'C (plant-based products), and Ta Ching, along with Growthwell Food Services for private label and B2B partnerships. The company also provides inventive plant-based ingredients for businesses and chefs. Growthwell's facility holds GMP, ISO 22000, HALAL, and HACCP certifications. The company has formed distribution partnerships including an exclusive agreement with Berjaya Corporation's Country Farms Group to launch HAPPIEE! plant-based products in Malaysia, and has expanded across Southeast Asian markets. Founded in 2019 and headquartered in Singapore, Growthwell Foods has raised $30.0M in Series A funding from investors including Temasek, DSG Consumer Partners, Insignia Ventures Partners, Genesis Ventures, Brandify, Creadev, GGV Capital, Iris Capital Partners, and Farquhar Venture Capital.

Business model

Food Tech > Novel Foods > Food Products > Alternative Proteins > Meat Substitute > Plant Based

Institutional investors

Temasek DSG Consumer Partners Insignia Ventures Partners Genesis Ventures Brandify Creadev GGV Capital Iris Capital Partners Farquhar Venture Capital Koh Boon Hwee

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